We hereby inform that the Shareholders have approved by way of Special Resolution in the AGM, the issuance of upto 1,00,50,000 equity shares to promoters and Non- Promoter Category through e- voting.
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Springform Technology Ltd has received shareholder approval via a Special Resolution at its AGM held on 20th August 2025 to issue up to 1,00,50,000 equity shares on a preferential basis. The issue price is fixed at ₹10 per share, which equals the face value (i.e., at par), bringing the total issue size to ₹10.05 crore. A total of 27 investors will participate, with the three promoters — Amarjeet Kaur, Paramjeet Singh Chhabra, and Amandeep Singh — together receiving about 75.11 lakh shares (roughly 74.7% of the issue). The remaining 25.39 lakh shares will go to 24 non-promoter entities, including Securocrop Securities India Pvt Ltd (6.51 lakh shares) and several individual investors. The allotment is being done under SEBI ICDR Regulations and the Companies Act, 2013.
Because shares are being issued at face value with no premium, existing shareholders will see proportional dilution of their stake without any fresh capital value accretion. The promoter group is significantly increasing its holding, which signals insider confidence but also concentrates ownership further.